Silver up 0.3% on overseas cues

Metal for delivery in far-month December gained 0.2%

Press Trust of India New Delhi
Last Updated : Aug 07 2014 | 3:04 PM IST
Silver prices moved up by 0.26% to Rs 44,036 per kg in futures trade today as speculators enlarged positions, supported by a firming global trend.

At the Multi Commodity Exchange, silver for delivery in September advanced by Rs 116, or 0.26% to Rs 44,036 per kg in business turnover of 1,979 lots.

In a similar fashion, the white metal for delivery in far-month December gained Rs 100, or 0.22% to Rs 44,803 per kg in 24 lots.

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Market analysts said speculators enlarged positions in tandem with a firming global trend, mainly led to the rise in silver prices at futures trade.

Meanwhile, silver rose 0.2% to USD 20.08 an ounce in Singapore.

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First Published: Aug 07 2014 | 2:44 PM IST

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